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Content Tagged As merger

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  • AT&T-DirecTV deal set to close after clearance from FCC

    July 24, 2015 3:52 PM

    NEW YORK - AT&T's $48.5 billion purchase of DirecTV is set to close after winning clearance from the Federal Communications Commission. The Justice Department had already cleared the deal, which will create the largest provider of cable or satellite TV in the U.S., with 26.4 million cable and satellite TV... more »
  • US wants to block merger

    July 1, 2015 9:09 PM

    NEW YORK- The feds sued to stop Electrolux from buying General Electric's appliance division, claiming the new company would dominate the sales of home appliances to builders, property managers and governments, not individual consumers. GE says it intends to fight back and wants the $3.3 billion deal to go... more »
  • East Baton Rouge School Board agrees to merge 5 academies

    April 17, 2015 10:20 AM

    BATON ROUGE - Five small alternative schools in Baton Rouge will be merged into just three when the 2015-16 school year starts in August. The East Baton Rouge Parish School Board's vote in favor of the merger Thursday was unanimous. The estimated annual savings is as much as $3.6 million.... more »
  • US stocks open mixed following news of Kraft acquisition

    March 25, 2015 10:05 AM

    NEW YORK - U.S. stock indexes are mixed in early trading following big merger news. Kraft Foods Group soared 33 percent after H.J. Heinz Co. announced it would buy the company, creating one of the largest food and beverage makers in the world. Kraft shareholders will receive stock in the... more »
  • Third man indicted for Shaw Group insider trading

    March 5, 2015 4:43 PM

    BATON ROUGE - A third man has been charged with insider trading ahead of the 2012 merger of The Shaw Group and Chicago Bridge and Iron Company. Billy Adcox, Jr., 44, of Ruston was indicted by a grand jury on Wednesday with conspiracy to commit securities fraud and securities... more »
  • Government, states challenge proposed airline merger

    August 13, 2013 11:19 AM

    WASHINGTON - Attorney General Eric Holder says a merger between US Airways and the parent company of American Airlines would bring "higher airfares, higher fees and fewer choices." The Justice Department is joining with attorneys general from a half-dozen states in challenging the proposed $11 billion merger between the two.... more »
  • Shaw founder sued for using name "Shaw"

    June 18, 2013 11:34 PM

    BATON ROUGE- The Shaw Group, now part of CB&I since a buyout recently, is suing founder Jim Bernhard and others, accusing them of using the company's name. Bernhard and the three partners are being sued in an effort to stop them from using the name "Shaw" in two business... more »
  • American, US Airways announce $11 billion merger

    February 14, 2013 7:14 AM

    DALLAS - American Airlines and US Airways say they're merging in a deal they value at $11 billion, creating the world's biggest airline. The combined carrier will be called American Airlines but run by US Airways CEO Doug Parker. The airlines announced their deal Thursday. It reduces... more »
  • American Airlines, US Airways to merge

    February 13, 2013 7:30 PM

    DALLAS - American Airlines and US Airways will merge and create the world's biggest airline. The boards of both companies approved the merger late Wednesday, according to three people close to the situation. The carrier keeps the American Airlines name but will be run by US Airways CEO Doug Parker.... more »
  • LSU Faculty President critiques Board of Supervisors check to see if lock exists for regeneration Play Video

    January 14, 2013 5:53 PM

    BATON ROUGE- LSU Faculty Senate President Dr. Kevin Cope gave an unflattering critique of the Board of Supervisors at a Press Club meeting today. Dr. Cope, who's been vocally against the merger of the LSU System president and chancellor positions, said the board should be looking for qualified candidates... more »
  • Pilots approve new contract with American Airlines

    December 7, 2012 1:34 PM

    DALLAS - Pilots at American Airlines are approving a new labor contract, which could clear the way for consideration of a merger with US Airways. The pilots' union announced the results Friday. Pilots rejected a similar offer in August, but union leaders lobbied hard for passage the second time around.... more »
  • College accrediting body questions LSU job merger

    November 28, 2012 9:21 AM

    BATON ROUGE - The LSU governing board's decision to merge two of the system's top jobs has raised concerns from the Georgia-based organization that accredits Southern colleges, which is pressing for details about the changes. Leaders of the Southern Association of Colleges and Schools questioned whether LSU officials are... more »
  • $3 billion deal to be approved by Shaw shareholders

    November 20, 2012 9:49 PM

    BATON ROUGE- Shareholders of Shaw Group Inc. (NYSE: SHAW) will meet to approve a merger with CB&I (NYSE: CBI). CB&I is buying the Baton Rouge-based Shaw for more than $3 billion. Shaw stockholders will get about $46 per share when the deal is closed. The meeting is set... more »
  • UPS gets resistance in takeover of TNT

    October 19, 2012 7:45 PM

    The European Union's Executive Commission objects to UPS's takeover of TNT Express, a competing company that does express delivery of packages. The bid from UPS is $6.75 billion. Both companies said Friday they would address the objection in coming weeks and still expect approval for the merger next year. The... more »
  • Shaw Group President reacts to merger of companies check to see if lock exists for regeneration Play Video

    July 30, 2012 6:28 PM

    BATON ROUGE - The Shaw Group President, Chairman and CEO Jim Bernhard said "not all change is bad" after the company he started sold for $3.04 billion to Texas-based CB&I, formerly known as Chicago Bridge and Iron Co. Investors gained more than a 55 percent return from Friday when... more »
  • College merger proposal scrapped for the session

    May 16, 2012 7:32 AM

    BATON ROUGE - Two north Louisiana lawmakers are scrapping their attempt to make LSU's Shreveport campus a branch of Louisiana Tech University. Reps. Thomas Carmody and Jim Fannin say they don't have the two-thirds support to get the merger proposal through the Louisiana House, so they agreed to shelve the... more »
  • Education bills at the Capitol today

    May 8, 2012 8:48 AM

    BATON ROUGE- The Louisiana House Education Committee meets this morning with a wide range of bills on the agenda. They include setting standards for the youngest age a child can enter kindergarten to requiring sex education to be taught in public schools. The committee will also consider a bill... more »
  • Ruston chamber likes LSUS/Tech merger

    April 10, 2012 7:46 AM

    RUSTON - The proposed merger of Louisiana Tech University and LSU-Shreveport has been endorsed by the Ruston-Lincoln Chamber of Commerce Board of Directors. The board unanimously approved a resolution last week urging area lawmakers to support a proposed merger of the two institutions into one enlarged Louisiana Tech with Ruston... more »
  • Regents support LSU-S/La. Tech merger

    February 28, 2012 2:50 PM

    BATON ROUGE, La - The Board of Regents has recommended merging LSU-Shreveport with Louisiana Tech University as part of a study to be sent to the Legislature in response to a request from the Shreveport-Bossier region to assess and address unmet higher education needs. The report, presented by Eva Klein... more »
  • Strong earnings, takeovers send stocks higher

    October 24, 2011 10:56 AM

    NEW YORK - Stocks are rising strongly after a round of corporate takeovers and reports that Europe's bailout fund will be larger than anticipated. Mattel and J.M. Smucker were among companies that rose after announcing acquisitions. Caterpillar jumped 5.5 percent after it raised its profit forecast for the year.... more »
  • SUNO, UNO merger pulled from consideration

    May 18, 2011 6:07 PM

    BATON ROUGE - The controversial merger of Southern University of New Orleans and the University of New Orleans is no longer being considered by the state Legislature, according to lawmakers. The Legislative Black Caucus put out a release Wednesday afternoon saying the Speaker of the state House, Rep. Jim... more »
  • Financial committee backs SUNO/UNO merger bill

    May 9, 2011 4:22 PM

    BATON ROUGE - Opponents of a proposal to merge Southern University at New Orleans with the University of New Orleans have lost another bid to stall the consolidation effort. The House Appropriations Committee backed the merger bill in a 17-4 vote Monday, over criticism that financial questions remain unanswered.... more »
  • SUNO/UNO merger passes first House committee vote

    May 4, 2011 4:01 PM

    BATON ROUGE - A merger of historically black Southern University at New Orleans with the largely white University of New Orleans has passed its first legislative hurdle, winning approval from the House Education Committee. Wednesday's 10-5 vote was the first stop in a long process. The consolidation proposal heads... more »
  • Shareholders approve Hancock buyout of Whitney

    April 29, 2011 2:06 PM

    NEW ORLEANS - Hancock Holding Co.'s proposed acquisition of Gulf Coast banking rival Whitney Holding Corp. was approved Friday by shareholders of both companies. In a joint statement, the two companies said the deal was backed by 98.4 percent of Hancock's shareholders and 98.7 percent of Whitney's common shareholders.... more »
  • EBR law enforcement leaders neutral on department merger

    April 28, 2011 10:49 PM

    BATON ROUGE- The East Baton Rouge Parish Metro Council is studying the idea of merging the sheriff's office and the police department to see if it would save money, cut down on crime and create more cooperation. News 2 was the first to break the news, Wednesday night, that... more »
  • Judge tosses SUNO/UNO merger challenge

    April 12, 2011 6:01 PM

    BATON ROUGE - Students opposed to the SUNO/UNO merger have been dealt a setback. On Tuesday District Judge Tim Kelley threw out the lawsuit that sought to stall the merger, a merger supported by Gov. Bobby Jindal. The students' lawyer, former state Sen. Cleo Fields, argued the board... more »
  • Landrieu opposes UNO-SUNO merger

    March 26, 2011 11:34 AM

    NEW ORLEANS- Mayor Mitch Landrieu has joined the ranks of those opposed to merging Southern University at New Orleans and the University of New Orleans. In an article for publication in The Louisiana Weekly's April 4 issue, Landrieu says Gov. Bobby Jindal's proposal to combine the universities was made... more »
  • Board of Regents meets on SUNO/UNO merger

    March 15, 2011 11:07 AM

    UPDATE 11:23 a.m. - Dr. Albert Sam II, the newest appointee and only African-American Regent, is at today's meeting and will be present for any votes. BATON ROUGE - The Board of Regents is meeting today on the proposed and controversial merger of the Southern University at New Orleans... more »
  • Consultant suggests options in SUNO/UNO study

    March 14, 2011 1:05 PM

    BATON ROUGE - A consultant charged with studying a possible merger of Southern University at New Orleans with the University of New Orleans is suggesting two options: a new merged University of Greater New Orleans or a redesign of the campuses to give them separate missions. The draft report... more »
  • New Regents appointee to skip SUNO/UNO meeting

    March 10, 2011 11:46 AM

    BATON ROUGE- Governor Jindal's new appointee to the Board of Regents won't be attending a meeting to discuss the racially charged, potential merger of Southern University at New Orleans with the University of New Orleans. Dr. Albert Sam II, a vascular surgeon from Baton Rouge, was named to the... more »
  • Lawsuit filed over UNO/SUNO merger

    February 15, 2011 1:56 PM

    BATON ROUGE, La. - A group of Southern University students has filed a lawsuit seeking to stop a possible merger of historically black Southern University at New Orleans with the University of New Orleans campus. A Baton Rouge district judge has issued a temporary restraining order against the Board... more »
  • Whitney shareholder sues to block Hancock merger

    February 10, 2011 1:29 PM

    NEW ORLEANS - A company that holds stock in Whitney Holding Corp. is suing to block the bank's merger with Hancock Holding Co. A class-action lawsuit filed Monday by Realistic Partners accuses Whitney's directors of acting in their own interests at the expense of shareholders and of preventing investors... more »
  • Regents told SUNO/UNO merger would mean less opportunities

    February 8, 2011 4:09 PM

    BATON ROUGE - Southern University alumni and students, along with members of the state Legislature's black caucus, say a merger of Southern's New Orleans campus with the University of New Orleans would reduce educational opportunities for African-American students. That was among the testimony Tuesday before the state Board of Regents,... more »
  • $74,000 contract to study UNO/SUNO merger

    January 29, 2011 9:32 AM

    BATON ROUGE- A Colorado consulting firm will be paid as much as $74,000 to study a proposal to merge Southern University at New Orleans with the nearby University of New Orleans campus. The Board of Regents on Friday released the final terms of the contract it has with Dennis... more »
  • $74,000 contract to study UNO, SUNO merger

    January 28, 2011 3:10 PM

    BATON ROUGE, La. (AP) - A Colorado consulting firm will be paid as much as $74,000 to study a proposal to merge Southern University at New Orleans with the nearby University of New Orleans campus. The Board of Regents on Friday released the final terms of the contract it... more »
  • Regents to discuss SUNO/UNO merger Feb. 8

    January 27, 2011 12:03 PM

    BATON ROUGE - The Board of Regents will hold a special meeting Feb. 8 to discuss a controversial proposal to merge the University of New Orleans campus with the historically black Southern University at New Orleans campus. Regents Chairman Robert Levy announced the meeting Thursday. A Colorado consultant is studying... more »
  • SUNO Chancellor: Low grad rate no reason to merge

    January 26, 2011 1:59 PM

    NEW ORLEANS - The chancellor of Southern University of New Orleans says the historically black school's low graduation rate is no reason to merge it with the neighboring campus of the University of New Orleans. Victor Ukpolo said the 2008 graduation rate of just under 7 percent was largely due... more »
  • Zapp's potato chips merging with Pa. company

    January 6, 2011 11:31 AM

    GRAMERCY – The president of Zapp’s potato chips says they will stay in Gramercy after the company agreed to join with another snack food company out of Pennsylvania. Rod Olson told News 2 that they signed a letter of intent to combine Zappe Endeavors, LLC with Utz Quality Food, Inc.... more »

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